Three bowl games have been notified of audits by the IRS, as the Alamo, Fight Hunger and Gator Bowl will have recent tax returns investigated by the government agency, CBSSports.com is reporting.
Bowl named ‘Taxslayer.com Gator Bowl’ audited by IRS
The Alamo Bowl and Fight Hunger Bowl are also being audited.
Melina Vastola-USA TODAY Sports
On the lighter side, the Gator Bowl is currently sponsored by Taxslayer.com, an online tax-filing service, so it may be able to find some internal help (or they may itself end up being tax-slayed). The Gator Bowl received a better-than-expected matchup in 2012, when Florida and Ohio State faced off in the game, and reportedly received an extra $1 million in revenue when compared to the previous year.
The Fight Hunger Bowl’s 2011 matchup between Nevada and Boston College ended up earning nearly $300,000 more than the previous year.
CBSSports.com says the level of severity on the audits are unsure. Bowl games are considered non-profits, but a study has found they actually contribute very little to charity.
Three years ago, the Fiesta Bowl got in hot water following improper usage of the Bowl’s funds, resulting in the firing of their CEO and nearly losing BCS status.
See More:
